As Sri Lanka faces one of its toughest financial crisis leading to breakdown of power and fuel supplies, India came to rescue with $500 million Line of Credit (LOC).The Export Import Bank (EXIM) of India and the Sri Lanka government signed aLOC .
The unquenchable thirst for wealth management
With M&A in the RIA space setting records, the focus turns naturally to the seemingly irreversible influence of private equity money.
February 22, 2021 8 MINS
With $5 billion in assets under management and nine acquisitions under its belt, some might assume Merit Financial Advisors is hitting all the right notes for building scale in the modern wealth management industry.
In reality, the 22-year-old advisory firm has reached the level at which the deep-pocketed world of private equity capital and expertise steps in to rocket enterprises like Merit to the stars.
“Last year we made it a mission to find a capital partner because we knew we needed to bring in some additional expertise as well as the capital backing,” said Kay Lynn Mayhue, Merit’s president.